The largest Insider Buys this week were for Salesforce.com Inc. (CRM, Financial), Mondelez International Inc. (MDLZ, Financial), Cognizant Technology Solutions Corp. (CTSH, Financial), and Dollar Tree Inc. (DLTR, Financial).
Salesforce.com Inc. (CRM, Financial): Director Susan Wojcicki bought 6,000 shares
Director Susan Wojcicki bought 6,000 shares of CRM stock on March 13 at the average price of $127.82. The price of the stock has decreased by 1.45% since.
Salesforce.com Inc. is an American cloud computing company. Although most of its revenue comes from a customer relationship management product, the company also capitalizes on commercial applications of social networking through acquisition. The company has a market capitalization of $92.15 billion, and as of March 16 it traded at $125.97.
On March 9 Salesforce.com Inc. announced a strategic partnership with Dropbox to connect Salesforce’s CRM platform with Dropbox’s collaboration platform to enable companies of all sizes to collaborate and connect with their customers. The companies will deliver two new integrations, Quip and Commerce/Marketing Cloud, in their services to drive brand engagement and boost team productivity.
Mondelez International Inc. (MDLZ, Financial): Director Fund Management, L.P. Trian bought 1,388,600 shares
Director Fund Management, L.P. Trian bought 1,028,600 shares of MDLZ stock on March 9 at the average price of $44.27. The price of the stock has decreased by 2.44% since.
Mondelez International Inc. is an American international confectionery, food, and beverage company that employs around 107,000 people in 165 countries across the world. It consists of the global snack and food brands of the former Kraft Foods Inc. The company’s net revenue in 2015 was approximately $30 billion. The company has a market capitalization of $64.24 billion, and as of March 16 it traded at $43.19.
On Feb. 13 Mondelez International Inc. announced that it has appointed Debra Crew, former President and CEO, Reynolds American, and Peter May, President, to the company’s board of directors effective March 1. Nelson Peltz, CEO, stepped down on March 1 to devote more time to other board commitments.
Cognizant Technology Solutions Corp. (CTSH, Financial): Director Joseph M. Velli bought 2,500 shares
Director Joseph M. Velli bought 2,500 shares of CTSH stock on March 14 at the average price of $84.1. The price of the stock has increased by 0.59% since.
Cognizant Technology Solutions Corp. is an American international IT services company that focuses on providing digital, consulting, and operations services. In 2017, the company was included in the Fortune’s Future 50 list and is a part of the S&P 500. The company has a market capitalization of $49.75 billion, and as of March 16 it traded at $84.60.
On March 14 Cognizant Technology Solutions Corp. announced that it will accelerate its share repurchase agreement with Societe Generale to repurchase an aggregate of $300 million. This agreement is a continuation of the previously announced $3.4 billion capital return plan.
Dollar Tree Inc. (DLTR, Financial): Director Conrad M. Hall bought 10,000 shares
Director Conrad M. Hall bought 10,000 shares of DLTR stock on March 9 at the average price of $91.83. The price of the stock has increased by 4.27% since.
Dollar Tree Inc. is an American Fortune 500 chain of discount variety stores that sells items at $1 or less. The company operates 13,600 stores in 48 U.S. states and Canada. Products include health and beauty, food, décor, houseware, toys, and household cleaning supplies. The company has a market capitalization of $22.7 billion, and as of March 16 it traded at $95.75.
On March 16 Dollar Tree Inc. announced that Jeffrey Naylor has been appointed as a new independent director to the board of directors. Mr. Naylor has significant experience in the retail and consumer products industries and has served as a senior executive with The TJX Companies Inc. Mr. Naylor joined the company as Senior Executive Vice President, CFO, and later as the CAO.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
